Avi Garg
Partnerships, BRRR, cash out and economy
So I have been thinking about this a lot for the last few days. In a partneship, if one person is a money guy and the other is the rehab guy with a split for 80/20 or 60/40 (take your pick on the numbers). Now after r...
Chris Seveney
In Over Their Heads?
Background: Last week Arbor Realty Trust foreclosed on four apartment buildings in Houston. The Unpaid balance was $229M and the sale went for approx. $197M (15% discount). The borrower had short term bridge debt on e...
Dan Wynn
Investor From Florida
Hello,My name is Dan, I am a new investor from Jacksonville FL, currently living in Savannah GA where I bought my first duplex. I am also an active duty Army Officer.My short term goal is to acquire two investment pro...
Kelly N.
Serve the Demand for Possession over nonpayment on the First?
Hello BP,All my leases state that rent is due on the first, late if I do not have it on the 5th, and I send out the "Demand for Possession NonPayment of Rent" notice via the mail on the 6th giving them 7 days (8 days ...
Winn L.
Tenant plans to leave prior to eviction court
Hi everyone, This is a followup to my earlier post: My tenant texted us saying that he will leave this week. Our trial date is scheduled for next week. Assuming he is telling the truth this time, should we still go...
Daniel Miller
The beginning of a Buy and Hold Investor
I first got started in Real Estate in late 2011. A friend of mine (20 years my elder; I was 23 at the time) wanted to talk to me about doing some work for him. I was coming off a serious arm injury and did not have th...
Mendel Spalter
New York City or South Florida?
Hey everyone,
I've been working for flippers/developers in NYC since September. I talk to homeowners and bring them deals. Kind of like a Wholesaler, but no putting anything under contract and I have one buyer. I hav...
Andriana Babikian
Fortune Builders 3-day Workshop???????
Hey guys. I purchased the 3-day workshop for 197 (for two tickets) and I am able to get a refund if I wanted to. Has anyone gone to the 3-day summit? I know they're going to try to sell us their bigger, more expensive...
Chad Clanton
BEWARE this crooked contractor in San Antonio!!
To those who have read my other post regarding this gentleman, here is a bit more elaboration. To preface this synopsis, though, let's be clear that many many mistakes were made on all our (investors') end, so for ...
Karin Crompton
I had to fire my GC. What, if anything, do I tell the contractors I'm now interviewing?
Hey all,I'll try to keep this brief to start. We had to fire our GC on Friday and decided to take a deep breath and a couple of steps back and start from scratch. This means I'm calling contractors myself for all of t...